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The current landscape of student loan borrowing presents a looming crisis that has many experts sounding alarms. Recently, the Federal Reserve Bank of New York projected that over 9 million student loan borrowers may face significant declines in their credit scores come 2025. This projection is not merely a casual correlation; it highlights systemic problems
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The recent announcement by the U.S. Department of Education to reopen online applications for income-driven repayment (IDR) plans marked a superficial shift in policy that merits a deeper critique. Under the guise of facilitating repayment for millions of federal student loan borrowers, it is essential to question whether these plans genuinely offer the financial relief
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As retirees navigate the tumultuous waters of the stock market, it’s impossible to ignore the growing anxiety rooted in unpredictable economic policies. Recent shifts, influenced by legislative changes and global events, have left many feeling that the ground beneath their financial assets is shaky at best. While optimism briefly fluttered with market rallies, the overarching
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The recent changes to inherited individual retirement accounts (IRAs) are not just bureaucratic footnotes; they represent a seismic shift that could impact countless families and their financial planning strategies in the 21st century. Scheduled to take effect in 2025, this rule mandates that certain beneficiaries must adhere to stringent required minimum distributions (RMDs) or face
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In a striking announcement, President Trump declared that the Small Business Administration (SBA) will handle the nation’s federal student loan portfolio, a shift that could carry dire consequences for millions of borrowers. This move not only raises eyebrows but also ignites debates about whether the SBA is equipped to manage such a colossal and complex
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In a deeply unsettling turn of events, a federal judge, Ellen Lipton Hollander, has halted the Trump administration’s Department of Government Efficiency (DOGE) from probing personal information at the Social Security Administration (SSA). This judicial intervention is more than just a legal maneuver; it highlights the dysfunction lurking in the heart of a system responsible
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In a bold move, the American Federation of Teachers (AFT) is taking the U.S. Department of Education to court, challenging recent regulatory changes that have severely restricted access to income-driven repayment plans (IDR). This lawsuit highlights a critical issue: the systematic dismantling of vital support for student loan borrowers under the Trump administration. The actions
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